AGD vs F: Correlation
Measured on weekly returns over the past three years, abrdn Global Dynamic Dividend Fund (AGD) and Ford Motor Company (F) carry a correlation of 0.49, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGD and F?
On 3 years of weekly data the AGD/F correlation comes out at 0.49, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.49 over 3. The 5-year figure is 0.54, and annualized covariance runs at 380.1 %².
Within AGD's tracked universe of 15 assets, F comes in at #8 by 3-year correlation. Neither side won the trailing year by much: +19.7% against +22.6%. One caveat on sizing: F is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AGD vs F: side by side
| AGD (abrdn Global Dynamic Dividend Fund) | F (Ford Motor Company) | |
|---|---|---|
| 1-year return | +19.7% | +22.6% |
| 5-year return | +65.7% | +45.8% |
| Volatility (ann.) | 21.4% | 36.1% |
| Beta vs S&P 500 | 0.88 | 1.06 |
| Max drawdown (3Y) | -20.3% | -36.5% |
| Market cap | – | $55.6B |
| P/E (trailing) | 4.2 | – |
| Dividend yield | 5.26% | 4.32% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | AGD | F |
|---|---|---|
| 2022 | -15.3% | -42.2% |
| 2023 | +7.4% | +15.8% |
| 2024 | +16.4% | -13.1% |
| 2025 | +34.3% | +42.3% |
| 2026 | +16.5% | +10.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGD and F good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGD and F?
As of 2026-08-27, the correlation of weekly returns between AGD and F is 0.49 over 3 years, 0.50 over 1 year and 0.54 over 5 years.
Is F a good diversifier for AGD?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: AGD correlations · F correlations
